Without a government for the last eleven days, and amid mainstream
discussion of a Euro Zone exit, the Greek people are realizing that the
economic and political system as they know it is rapidly descending into
chaos.

With massive jobless rates that have forced many into bartering to survive, and facing credit destruction across the entirety of the country that has led to shortages of critical supplies like life saving medicines, those with any money left at national banks
are taking the desperate step of withdrawing as much of their savings
as they can from a banking system on its last leg.

This is what it looks like when a populace plagued with uncertainty
finally loses trust in the credibility of their country’s leadership and
financial system.

Anxious Greeks have withdrawn as much as 700
million euros ($893 million) from the nation’s banks since the
inconclusive May 6 election, President Karolos Papoulias told party
leaders yesterday, according to a transcript of the meeting posted on
the presidency’s website today. Papoulias said he got the
information from the head of the Bank of Greece, the central bank,
George Provopoulos, according to the transcript.